Appraisal Institute of Canada - Ontario’s Post

The recent National Association of Realtors (NAR) settlement is poised to significantly alter real estate transaction structures. Understanding these changes is crucial for everyone in our industry, from real estate agents to home sellers and buyers in Portland, OR, and Vancouver, WA. In my latest interview, I provide an overview of how the transparency of broker compensations might change and what it means for your real estate strategies. This is a must-watch for professionals looking to stay ahead in the market. Let’s navigate these changes together—effectively and informed. For more info, check this out: https://lnkd.in/gPsXEFG7 Book a call to get your moving questions answered: calendly.com/lewisrealtors #MelissaShaw #LewisRealtors #RealEstateProfessionals #MarketTrends #BusinessStrategy

New Blog: 6 Things You Need to Know About Upcoming Changes to the Real Estate Industry Here's a simple breakdown of the recent changes impacting home buyers and sellers, which go into effect on August 17th, 2024. Read More Here: https://lnkd.in/gYr6N23Z

This is encouraging! When looking at the numbers, Waukesha-Milwaukee, WI ranked #3 as a Top Housing Market area this Fall, and late October-early November is the best time to buy in the MN-WI region. Learn more about the economic and housing data from this past week here: https://lnkd.in/erpCcaeh

The Canadian Real Estate Association spring revision released on Friday, April 12 comes with a higher-than-previously-expected price jump. The Alberta average home price is now forecast to climb 7.0% on an annual basis to $479,765 in 2024 and up to $514,128 with an annual percentage change of 7.2 in 2025. With new listings rising and an appetite building for buyers and sellers to re-enter the market, this could be the start to a busy season. Expectations around the timing of the first rate cut in 2024 seem to have solidified to the second half of the year, and financial markets are currently pricing in about 50 basis points of cuts by the end of 2024. That would be welcome news to potential buyers. Ready to dive in? Get started here 👉Travis@OnTheBallRealEstate.com Let’s get the ball rolling!

The rules of real estate are about to undergo a seismic shift. On August 17, new rules will roll out for the 1.5 million members of the National Association of REALTORS®. The rules are designed to abolish the standard 5% to 6% commission often paid by home sellers and split between their agent and the agent representing their home seller – a bedrock of residential real estate transactions. Experts say it's still unclear how the changes will actually affect average people who decide to buy or sell a home, though. “This is a grand social experiment in an industry at scale,” Leo Pareja, CEO of eXp Realty, one of the largest real estate brokerages in the US, told me. I went on CNN (for the first time!) this afternoon to discuss the impending changes. Read more about the changes here: https://lnkd.in/gX4bS2M3

One of the most notable changes is the requirement for real estate agents to disclose their commission rates upfront. This move aims to eliminate any hidden fees or last-minute surprises, fostering a more transparent relationship between agents and their clients. By making this information readily available, buyers and sellers can make more informed decisions when selecting an agent, potentially driving competition among agents to offer better rates or enhanced services. #Transparency #Buyers

A real estate professional will inspect your property, compare your home to similar homes that have sold in the area, and provide you with an estimated value. 2. A Professional appraiser will inspect the property, analyze market data, and provide a more, detailed report with their professional opinion of the property's value. Want to learn more about what your house is worth? 🤔 Connect with me for a detailed analysis tailored to your property and neighborhood. I'm here to help you make informed decisions based on the most recent market data. #RealEstateInsights #HomeValue #MateneOkoye #MarketAnalysis #PropertyInvestment #RealEstateExpert #InvestSmart #DetailedAnalysis #ContactMe

Don't leave money on the table! As the housing market evolves, especially in areas like the Triangle region of NC, it’s crucial for sellers to adapt their strategies. If you’re considering selling your home in the Triangle, understanding common pitfalls can save you time and money. Here are four mistakes to avoid, as highlighted by Bill Stevenson of Spotlight Realty!

The Canadian Real Estate Association spring revision released on Friday, April 12 comes with a higher-than-previously-expected price jump. The Alberta average home price is now forecast to climb 7.0% annually to $479,765 in 2024 and up to $514,128 with an annual percentage change of 7.2 in 2025. With new listings rising and an appetite building for buyers and sellers to re-enter the market, this could be the start of a busy season. Expectations around the timing of the first rate cut in 2024 seem to have solidified to the second half of the year, and financial markets are currently pricing in about 50 basis points of cuts by the end of 2024. That would be welcome news to potential buyers. Ready to dive in? Get started with our team here 👉 587.989.6005 or carole@blackmorerealestate.ca Your locally crafted real estate experience™️